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New York (April 18th, 2013) - Athersys, Inc. (NASDAQ: ATHX) announced that the Medicines and Healthcare products Regulatory Agency (MHRA) has approved Athersys' application to expand its ongoing Phase 2 study evaluating the administration of MultiStem(R) therapy to patients who have suffered an ischemic stroke. Enrollment at United Kingdom sites is expected to commence following final Ethics Committee review and the completion of final preparations at participating clinical centers.

"The MHRA authorization will enable us to bring several leading United Kingdom stroke centers into the study, which will help us to speed the completion of the stroke clinical trial," said Dr. Gil Van Bokkelen, Chairman and Chief Executive Officer of Athersys. "The authorization is also noteworthy as it marks the initiation of MultiStem clinical development activity in the United Kingdom."

Athersys, Inc, a biotechnology company, focuses on the research and development in the field of regenerative medicine.

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PDL BioPharma Inc. (NASDAQ:PDLI) traded at $ 7.45 in the last session, which is 0.00 (0.00%). The stock has a Range of 7.31 - 7.46. The stock has a 52 week low and high of 6.09 - 8.43 respectively. The stock has a Market Cap of 1.04B. The stock traded a volume of 1.66M. The stock has a 30 day average volume of 1.81M.

In trading on Wednesday, shares of PDL BioPharmaInc (PDLI) crossed below their 200 day moving average of $7.32, changing hands as low as $7.31 per share.

PDL BioPharma, Inc. (PDL) is a biotech company. PDL is engaged in the management of antibody humanization patents and royalty assets, which consist of its Queen et al. patents and license agreements with various biotechnology and pharmaceutical companies. The Company receives royalties based on sales of humanized antibody products marketed and may also receive royalty payments on additional humanized antibody products launched before final expiry in December 2014.

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